Core Insights - General Motors (GM) is expected to report a decline in Q4 revenue to $45.37 billion, a 5% decrease from $47.70 billion in the previous year, with adjusted EPS projected at $2.28 and adjusted EBIT at $2.77 billion [1] Financial Performance - GM's Q4 US sales decreased by 6.9% year-over-year to just over 703,000 vehicles, but full-year sales for 2025 increased by 5.5% to 2.853 million vehicles, making GM the top-selling automaker in the US [3] - Full-size pickup sales have risen for the sixth consecutive year, marking the best performance in 20 years, while full-size SUVs also contributed to GM's success in this segment for the fifth straight year [3] Electric Vehicle (EV) Business - EV sales in Q4 plummeted by 43% to just over 25,000 units, negatively impacting overall results, attributed to a "pull ahead" in Q3 sales before the expiration of the federal EV tax credit [4] - GM announced an additional $6 billion charge to its EV business due to lower-than-expected demand and the loss of the federal EV tax credit, bringing the total EV writedown to $6.6 billion [5][6] Guidance and Tariff Impact - GM raised its full-year 2025 profit guidance, citing tariff offsets from the White House, with full-year tariff exposure projected between $3.5 billion and $4.5 billion [2] - The company anticipates adjusted EBIT in the range of $12 billion to $13 billion and adjusted automotive free cash flow of $10 billion to $11 billion for the upcoming period [8]

Core Insights - General Motors (GM) experienced a decline in fourth quarter sales but achieved strong overall full-year results, maintaining its position as the top-selling automaker in the US [1][2]. Sales Performance - Q4 sales decreased by 6.9% year-over-year to just over 703,000 vehicles, while full-year sales increased by 5.5% to 2.853 million vehicles [2]. - Full-size pickup sales rose for the sixth consecutive year, marking the best performance in 20 years, and full-size SUVs like the Tahoe, Suburban, and Yukon contributed to a fifth straight year of category wins [2]. Electric Vehicle (EV) Sales - EV sales in Q4 plummeted by 43% to just over 25,000 units, attributed to a "pull ahead" in Q3 sales before the expiration of the federal EV tax credit [3]. - Despite the decline in Q4, GM remains the No. 2 EV seller in the US, following Tesla [5]. Product Portfolio Highlights - Notable sales increases in Q4 included the Buick Enclave SUV (up 53.5%), Chevrolet Colorado midsize pickup (up 11.6%), and GMC Traverse SUV (up 24.1%) [4]. - GM's incentives as a percentage of average transaction price (ATP) were reported at 4.3%, aligning with the industry average, while market share increased by 0.5% to approximately 17% [4]. Inventory and Financial Adjustments - Dealer inventory levels decreased by 18% to 486,000 units, which aligns with GM's strategic plans [4]. - GM announced a $1.6 billion charge related to a reassessment of its EV plans, including $1.2 billion in non-cash special charges and $400 million in cash for contract cancellations and EV-related investments [5].